Notice is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

October 30, 2009 Closings

October 30, 2009
Maximum Amount: 
$15.40 billion
Amount Spent: 
$2.50 billion
Deficit Impact: 
$2.50 billion

These nine banks have been closed, and all individual deposits up to $250,000 have been insured by the FDIC. U.S. Bank, N.A. has agreed to assume all the assets and deposits of the nine failed banks.


FDIC Release


Although FDIC costs are counted on-budget, they should eventually be offset by proceeds from the sale of liquidated assets and higher premiums for deposit insurance. Maximum amount indicates value of total bank deposits. Amount spent and deficit impact represent FDIC-estimated cost to deposit insurance fund.

Website Design and Development, Washington DC